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TORONTO (CRWENewswire) — Nortel Networks Corp. says it has completed the $1.13 billion sale of its wireless network business to LM Ericsson of Sweden but is allowing more time for bids in an auction for its optical networking and carrier ethernet units.

The former Canadian tech heavyweight has been selling assets after filing for creditor protection early this year.

WASHINGTON (CRWENewswire) — The government-chartered company that insures the pensions of one in seven Americans said Friday that its deficit this year nearly doubled to $22 billion.

That’s an improvement over the Pension Benefit Guarantee Corp.’s midyear record deficit of $33.5 billion, which spiked as auto makers and other companies faltered and caused the insurance fund’s liabilities to spike.

Power3 Medical Products, Inc. (OTCBB: PWRM), is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of diagnostic tests and drug targets.
Web Site: http://www.Power3Medical.com

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